Colleagues are being asked to take action to help the Trust's financial recovery, including looking at ways to save money in what we do every day.

We are facing a greater financial challenge than before, and our income has grown at a much lower rate than our costs. That means that we need to make changes to live within our means.

Nationally, the NHS has a huge financial challenge not seen for many years. Here at CHFT, we are forecasting a £42.1m deficit (overspend) for 2025/26. This is after achieving our financial plan and our full cost improvement plan in 2024/25. We need a cost improvement of £28.4m (4.9%) and we must deliver the plans, balance budgets and identify cost improvement programmes.

Please read through these short slides, and share them with colleagues, to find out how you can help our financial recovery and our financial plan for 2025/26. 

Each year gets tougher financially and we know that this will be the hardest year to date. Your hard work, ideas, and commitment to cost improvement has helped us manage this.